SIM Technology Group Limited — Capital/Financing Update 2005

Jul 25, 2005

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities. This announcement is made pursuant to the requirement under Section 9(2) of the Securities and Futures (Price Stabilizing) Rules.

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Unless otherwise defined in this announcement, terms used in this announcement shall have the same meaning as those defined in the prospectus issued by SIM Technology Group Limited (the “Company”) dated 21 June 2005.

SIM TECHNOLOGY GROUP LIMITED 晨訊科技集團有限公司[*]

(Incorporated in Bermuda with limited liability)

(Stock Code: 2000)

STABILISING ACTIONS AND END OF STABILISING PERIOD

• The Company announces that the stabilising period in connection with the Global Offering ended on 24 July 2005.

• Stabilising actions undertaken during the stabilising period were: (i) the over-allocation of 56,250,000 Shares pursuant to the Placing, satisfied by Shares borrowed from Info Dynasty pursuant to a securities lending agreement; and (ii) purchases of an aggregate of 56,250,000 Shares in the price range of HK$1.24 to HK$1.55 per Share.

• The Over-allotment Option has not been exercised and lapsed on 24 July 2005.

The Company announces that the stabilising period in connection with the Global Offering ended on 24 July 2005. As advised by CLSA Limited, the stabilising manager of the Global Offering, stabilising actions undertaken during the stabilising period, in compliance with the Securities and Futures (Price Stabilizing) Rules, were: (i) the overallocation of 56,250,000 Shares pursuant to the Placing, satisfied by Shares borrowed from Info Dynasty pursuant to a securities lending agreement; and (ii) purchases of an aggregate of 56,250,000 Shares in the price range of HK$1.24 to HK$1.55 per Share. CLSA Limited has also advised that the last purchase of Shares in the course of the stabilising actions was made on 20 July 2005 at a price of HK$1.37 per Share.

The Over-allotment Option has not been exercised and lapsed on 24 July 2005.

As at the date of this announcement, the executive Directors of the Company are Ms Yeung Man Ying, Mr Wong Cho Tung, Mr Tsang Hen Loon, Raymond, Mr Zhang Jianping, Mr Wong Hei, Simon, Mr Wong Sun and Ms Tang Rongrong and the independent non-executive Directors of the Company are Mr Heng Kwoo Seng, Mr Wang Chengwei and Mr Zhuang Xingfang.

By Order of the Board SIM Technology Group Limited Wong Cho Tung Director

Hong Kong, 25 July 2005

• For identification purposes only

Please also refer to the published version of this announcement in South China Morning Post.

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